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Determine the nonprice determinant affected

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Determine whether the following events affected the U.S. AD or AS. Determine the nonprice determinant affected. Determine the resulting equilibrium Price and Real GDP. . Federal Reserve

A. Federal Reserve increases interest rates.

B. Labor force participation rates decline as early retirements accelerate in most industries.

C. The price of oil rises and oil is a major resource for most industries.

Reference no: EM133133979

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